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REIT Makes $200M Loan on GM Building.
In: American Banker, Jg. 168 (2003-10-21), Heft 202, S. 10
Online
serialPeriodical
Zugriff:
Vornado Realty Trust, a Paramus, New Jersey-based real estate investment trust, has made a $200 million mezzanine loan on the General Motors Corp. building in New York. Harry Macklowe's Macklowe Properties acquired the 1.9 million-square-foot office tower last month for $1.4 billion from a partnership between the bankrupt Carmel, Indiana, insurer Conseco Inc. and Donald Trump. In a press release Monday, Vornado said its loan is subordinate to $900 million of other debt, pays 8.685 percentage points more than the London interbank offered rate, and currently yields 10.185%.
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REIT Makes $200M Loan on GM Building.
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Zeitschrift: | American Banker, Jg. 168 (2003-10-21), Heft 202, S. 10 |
Veröffentlichung: | 2003 |
Medientyp: | serialPeriodical |
ISSN: | 0002-7561 (print) |
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